Percentage loss per paycheck in France
Posted by AegirRyota@reddit | expats | View on Reddit | 8 comments
Looking to expat to Toulouse, France and trying to see what kind of budget I will be working with. Was wondering what is a general % loss from taxes would be considered. Currently looking at salary range 40-45k with a 40%. Is that too aggressive or should I budget closer to 60% loss?
chefkoch_@reddit
You don't have to guess
https://tietalent.com/en/tax-calculator/fr
Late_Geologist_235@reddit
Thank you for this. It makes planning a lot easier.
LieExpensive8176@reddit
It is not a loss but a % paid in for social contributions and income tax.
In contrast to the USA, in Europe you'll receive a lot of benefits in return.
Subterraniate2@reddit
I was going to say! It’s stupid to view this tax as a loss. Consider the gains.
AegirRyota@reddit (OP)
I am not opposed to paying taxes as long as it’s used for social gains (ie repair of streets and parks). My usage of loss here is mainly for creating a monthly budget. The loss being what cant be used from the initial total and not necessarily a negative loss.
walteuck@reddit
Hey there, I think you're aiming a bit high with that 60% estimate for taxes in France. For a salary of 40-45k, you're more likely to face around 25-30% for social contributions and income tax. France does have a generous social system, so you're getting some bang for your buck! Enjoy Toulouse - it’s a lovely place! 🥐
Livid_Importance_453@reddit
Honestly, budgeting for 40% loss is a bit much unless you're including every single possible deduction and high private health. Usually, for that salary range in France, you're looking at more like 25-30% for social contributions and income tax. 60% is definitely way too aggressive, you'd have to be earning triple that for it to even get close.
AegirRyota@reddit (OP)
Appreciate the insight. Been jumping through forums to get a budget down and just planned for the worse case scenario if it ever got to that point.